Can I retire at age 30 with 660,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$54,502$54,017$53,543$53,081$52,629$50,742
2 years$26,981$26,479$25,992$25,520$25,062$23,180
3 years$17,809$17,304$16,818$16,351$15,900$14,084
4 years$13,224$12,720$12,239$11,780$11,340$9,604
5 years$10,473$9,973$9,498$9,048$8,621$6,968
6 years$8,640$8,144$7,676$7,236$6,821$5,254
7 years$7,331$6,839$6,379$5,949$5,547$4,065
8 years$6,350$5,862$5,410$4,990$4,602$3,203
9 years$5,587$5,104$4,659$4,251$3,876$2,558
10 years$4,977$4,499$4,062$3,664$3,302$2,064
11 years$4,479$4,005$3,576$3,189$2,840$1,678
12 years$4,064$3,595$3,174$2,797$2,461$1,373
13 years$3,713$3,249$2,836$2,469$2,146$1,129
14 years$3,412$2,953$2,548$2,192$1,881$932
15 years$3,152$2,698$2,300$1,955$1,656$772
16 years$2,924$2,475$2,086$1,750$1,464$641
17 years$2,723$2,279$1,898$1,573$1,298$534
18 years$2,545$2,106$1,732$1,417$1,154$445
19 years$2,386$1,952$1,586$1,281$1,029$371
20 years$2,243$1,814$1,456$1,160$919$310
21 years$2,114$1,690$1,339$1,053$822$260
22 years$1,996$1,577$1,234$957$737$218
23 years$1,889$1,475$1,139$872$662$182
24 years$1,792$1,382$1,054$795$595$153
25 years$1,702$1,297$976$726$535$128
26 years$1,619$1,219$905$664$482$108
27 years$1,542$1,147$840$608$435$90
28 years$1,471$1,081$781$557$392$76
29 years$1,405$1,020$727$511$354$64
30 years$1,343$963$677$469$320$54
31 years$1,286$910$631$430$289$45
32 years$1,232$861$589$395$262$38
33 years$1,182$816$550$364$237$32
34 years$1,135$773$514$335$214$27
35 years$1,090$733$480$308$194$22
36 years$1,048$696$449$284$176$19
37 years$1,009$661$421$261$159$16
38 years$971$628$394$241$145$13
39 years$936$597$369$222$131$11
40 years$902$568$346$205$119$9
41 years$871$541$324$189$108$8
42 years$840$515$304$174$98$7
43 years$812$491$286$161$89$6
44 years$784$468$268$149$81$5
45 years$758$446$252$137$73$4
46 years$733$426$236$127$66$3
47 years$710$406$222$117$60$3
48 years$687$388$209$108$55$2
49 years$665$370$196$100$50$2
50 years$644$354$184$93$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $660,000, adding $3,643 every year, while hoping to spend $31,625 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 61/30/9 Blend
29$660,000$660,000$660,000$660,000
30$731,078$696,098$685,868$774,003
31$771,999$696,558$675,196$803,653
32$816,034$695,980$663,106$832,033
33$863,468$694,281$649,518$862,207
34$914,612$691,371$634,347$894,351
35$969,809$687,156$617,505$928,655
36$1,029,436$681,533$598,898$965,334
37$1,093,908$674,398$578,430$1,004,622
38$1,163,679$665,636$556,000$1,046,782
39$1,239,250$655,127$531,502$1,092,102
40$1,321,171$642,746$504,824$1,140,902
41$1,410,046$628,356$475,852$1,193,534
42$1,506,542$611,817$444,464$1,250,391
43$1,611,389$592,975$410,533$1,311,905
44$1,725,392$571,673$373,928$1,378,555
45$1,849,438$547,741$334,510$1,450,870
46$1,984,500$520,999$292,136$1,529,435
47$2,131,651$491,260$246,654$1,614,898
48$2,292,070$458,322$197,907$1,707,975
49$2,467,056$421,975$145,732$1,809,456
50$2,658,038$381,994$89,957$1,920,216
51$2,866,590$338,144$30,402$2,041,222
52$3,094,443$290,174$0$2,173,542
53$3,343,504$237,820$0$2,321,541
54$3,615,872$180,804$0$2,486,662
55$3,913,859$118,832$0$2,667,444
56$4,240,009$51,591$0$2,865,499
57$4,597,125$0$0$3,082,608
58$4,988,293$0$0$3,327,749
59$5,416,911$0$0$3,615,072
60$5,886,723$0$0$3,930,061
61$6,401,849$0$0$4,275,485
62$6,966,831$0$0$4,654,397
63$7,586,669$0$0$5,070,155
64$8,266,871$0$0$5,526,463
65$9,013,504$0$0$6,027,398
66$9,833,251$0$0$6,577,451
67$10,733,474$0$0$7,181,570
68$11,722,282$0$0$7,845,206
69$12,808,610$0$0$8,574,362
70$14,002,298$0$0$9,375,655
71$15,314,190$0$0$10,256,370
72$16,756,230$0$0$11,224,537
73$18,341,578$0$0$12,289,001
74$20,084,733$0$0$13,459,506
75$22,001,666$0$0$14,746,789
76$24,109,979$0$0$16,162,678
77$26,429,059$0$0$17,720,208
78$28,980,272$0$0$19,433,737
79$31,787,154$0$0$21,319,087
80$34,875,642$0$0$23,393,691
81$38,274,311$0$0$25,676,756
82$42,014,647$0$0$28,189,447
83$46,131,342$0$0$30,955,082
84$50,662,624$0$0$33,999,357
85$55,650,611$0$0$37,350,584
86$61,141,715$0$0$41,039,960
87$67,187,076$0$0$45,101,860
88$73,843,045$0$0$49,574,162
89$81,171,714$0$0$54,498,605
90$89,241,502$0$0$59,921,178
91$98,127,802$0$0$65,892,561
92$107,913,690$0$0$72,468,598
93$118,690,710$0$0$79,710,822
94$130,559,735$0$0$87,687,041
95$143,631,922$0$0$96,471,975
96$158,029,757$0$0$106,147,959
97$173,888,214$0$0$116,805,723
98$191,356,025$0$0$128,545,244
99$210,597,086$0$0$141,476,695
100$231,792,002$0$0$155,721,479